Tribal Credit, Bitso, and the Stellar Development Foundation partnered to launch a cross-border B2B payment platform enabling Mexican businesses to send payments in pesos to the U.S. and receive dollars, leveraging Stellar's blockchain network for faster, cheaper transactions.
Tribal Credit, a B2B payment and financing platform for emerging markets, has partnered with Latin American crypto exchange Bitso and the Stellar Development Foundation to build a cross-border payment service targeting SMBs in Latin America. The platform enables Mexican businesses to send B2B payments in pesos to the U.S. with recipients receiving US dollars, using Stellar's decentralized network and USDC stablecoin for peso-to-dollar conversion. The service aims to reduce time and costs for time-sensitive payments while improving traceability. Mexico represents a $175 billion market opportunity with 62 million SMBs transacting annually. The solution abstracts blockchain complexity from users, allowing businesses to benefit from blockchain technology without requiring cryptocurrency expertise.